What turns a business cycle into a structural stagnation?
A. Multiple business cycles in a short period of time.
B. An upturn that exceeds potential.
C. A trough that is lower than the peak.
D. A slow upturn that keeps the economy below trend.
Answer: D
Economics
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a. True b. False Indicate whether the statement is true or false
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Chapter 3 in the Undercover Economist on the "World of Truth" emphasizes
A) That prices convey important signals about the state of the world B) That production without prices is now just as efficient as with them because of advances on software C) That most people do not respond to prices very much D) That prices are important but easily manipulated by large producers
Economics